Cushman & Wakefield plc (NYSE:CWK) Short Interest Down 7.4% in December

Cushman & Wakefield plc (NYSE:CWK - Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 13,850,000 shares, a decrease of 7.4% from the December 15th total of 14,950,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the short-interest ratio is presently 7.8 days.

Cushman & Wakefield Trading Up 1.7 %

Shares of CWK traded up $0.23 during trading hours on Friday, hitting $13.37. The stock had a trading volume of 932,439 shares, compared to its average volume of 1,284,988. The company's fifty day simple moving average is $13.91 and its 200 day simple moving average is $13.23. Cushman & Wakefield has a 12-month low of $9.24 and a 12-month high of $16.11. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $3.07 billion, a P/E ratio of 36.12 and a beta of 1.34.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $1.61 billion. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%. The company's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Equities research analysts forecast that Cushman & Wakefield will post 0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on CWK. The Goldman Sachs Group began coverage on shares of Cushman & Wakefield in a research note on Friday, December 6th. They issued a "sell" rating and a $15.00 target price for the company. JPMorgan Chase & Co. increased their target price on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group cut Cushman & Wakefield from a "buy" rating to a "hold" rating and lowered their price target for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Cushman & Wakefield presently has a consensus rating of "Hold" and an average price target of $15.50.

Institutional Investors Weigh In On Cushman & Wakefield

Several institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its holdings in shares of Cushman & Wakefield by 137.5% during the 3rd quarter. Blue Trust Inc. now owns 3,501 shares of the company's stock valued at $48,000 after acquiring an additional 2,027 shares in the last quarter. GAMMA Investing LLC raised its position in Cushman & Wakefield by 45.8% in the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock valued at $71,000 after purchasing an additional 1,629 shares during the period. Profund Advisors LLC acquired a new position in shares of Cushman & Wakefield during the second quarter worth about $105,000. KBC Group NV boosted its position in shares of Cushman & Wakefield by 31.7% in the third quarter. KBC Group NV now owns 7,961 shares of the company's stock worth $109,000 after buying an additional 1,915 shares during the period. Finally, CWM LLC boosted its position in shares of Cushman & Wakefield by 67.6% in the third quarter. CWM LLC now owns 9,167 shares of the company's stock worth $125,000 after buying an additional 3,699 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.

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